π΄The Concept + Reasoning
Last updated
Last updated
The foundation of "The Sahara" on Cardano lies in the convergence of social influence and decentralized finance, unlocking a new realm of possibilities within the Cardano ecosystem. This innovative integration allows users to utilize $ADA, Cardano's native cryptocurrency, as a means to acquire and trade tokens or shares representing individuals. The value of these tokens is intricately linked to the individual's online presence, determined by metrics such as follower count, engagement levels, and the number of token holders associated with their account.
The underlying principle of this mechanism is to create a dynamic market, providing users with an opportunity to speculate on the potential influence and popularity of various accounts. This introduces a novel dimension to social media interactions, where participants can engage in an ecosystem that mirrors traditional financial markets, albeit in a decentralized and transparent manner.
The fee structure of the platform further bolsters this ecosystem. A portion of transaction fees is systematically reinvested into $HYC, creating a sustainable economic model. This model not only ensures the longevity and viability of the platform and our main token but also actively involves users in its growth and development.
In essence, "The Sahara" on Cardano represents a groundbreaking fusion of social influence and decentralized finance, poised to redefine the way users interact with online content and value. By leveraging the robust capabilities of Cardano's blockchain, this integration sets the stage for a dynamic, community-driven ecosystem where individuals can not only share their content but also participate in a flourishing economy centered around their influence.
Use Case | if earned 100k $ADA in fees | % |
---|---|---|
People make accounts by linking a wallet and twitter profile to the Sahara app.
This creates non-transferable "keys" to their room that anyone can buy and sell.
Buying keys gives you access to a private chat with that creator.
Creators make fees as people buy/sell their keys
The Sahara token airdrop is coming and you can earn points by using the app
Fees directly injected into $HYC BUY and BURNS
Development/Upkeep
15,000 $ADA
15%
Liquidity Pool ($HYC)
35,000 $ADA
35%
Buy and Burns ($HYC)
35,000 $ADA
35%
Creators
10,000 $ADA
10%
Team
5,000 $ADA
5%